The railroad began experiencing mechanical problems with No. 17 in the late 1960s, so they then began using 2-8-0 No. 38 for most of their excursion needs. Sometime in the 70s, the steam tourist operation folded, and the LA&L, unable to find a buyer for No. 17, sold the engine to a private individual, who later sold it for scrap. The loco was cut up at Lakeville in 1970. For more details, check Railfan & Railroad's index on their website. They mentioned the scrapping of No. 17 in a story on the LA&L which appeared in their January 1997 issue.
Interesting side note: LA&L No. 17 was equipped with a Pennsylvania Railroad tender which appeared to be from a class L1 Mikado, although similar tenders were sometimes used behind their M1 class Mountain types and I1 class Decapods. Fortunately, the LA&L swapped No. 17's PRR tender for No. 38's before it was sold, so at least the Pennsy tender was saved.
Reference: Northern Pacific Supersteam Era by Frey & Schrenk, pub. by Golden West Books, 1985. Library of Congress Catalog Card No. 85-13189, ISBN 0-97095-092-4 (v.1); pgs 139 & 205
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